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Information on
Novel Coronavirus

Have questions about COVID-19?
The NJ Poison Control Center and 211 have partnered with the State to provide information to the public on COVID-19:
Call: 2-1-1 for general information (24/7) or 1-800-962-1253 for medical information (24/7)
Text: NJCOVID to 898-211
Visit covid19.nj.gov or nj.gov/health for additional information

COVID-19 Related Tax Information
COVID-19 Extension of Time to File and Pay
Information about the Federal Economic Impact Payment – Stimulus Check

2017 Homestead Benefit Program

2017 HOMESTEAD BENEFIT PROGRAM ANNOUNCEMENT

Because the COVID-19 pandemic is anticipated to negatively impact the State economy, the New Jersey Department of the Treasury has frozen a portion of spending in order to ensure the State can meet its emergency and statutorily required obligations. Regrettably, this includes freezing funding to support the 2017 Homestead Benefit program.

As a result, any credits intended to be applied to the May 1st property tax bills can no longer be supported by the State at this time. This includes checks or direct deposit to homeowners who previously sold their home, or owners of continuing care and co-op facilities. We empathize with homeowners who depend on these credits, but these proactive steps are necessary at this time. Please continue to check Taxation's website and Treasury’s homepage for updated information.

How Homestead Benefits Are Calculated

We will calculate your benefit** using the 2006 property taxes for the home that was your principal residence on October 1, 2017. If no property taxes were assessed on the residence for 2006, we will determine the amount of property taxes that would have been due by using the current assessed value and the 2006 property tax rate.

Your 2017 Homestead Benefit is based on your:

  • 2017 New Jersey gross income;
  • 2017 filing status (single; married, filing jointly; head of household; etc.);
  • Age/disability status (whether you were 65 or older and/or blind or disabled on December 31, 2017); and
  • Property taxes paid in 2006 on your principal residence.

Age 65 or Older and/or Disabled Homeowners

If your 2017 New Jersey Gross Income* is... Your benefit payment**, according to the FY2020 Budget appropriation is calculated by ?
Not over $100,000 Multiplying the amount of your 2006 property taxes paid (up to $10,000) by 5%
Over $100,000 But not over $150,000 Multiplying the amount of your 2006 property taxes paid (up to $10,000) by 2.5%
Over $150,000 Not eligible

*The income amounts apply to a single individual, a married/civil union couple living in the same residence, and married/civil union partners maintaining separate residences.

**The benefit amount cannot be more than the amount of property taxes actually paid.

Amounts you receive under the Homestead Benefit Program are in addition to the State's other property tax relief programs. The total amount of all property tax relief benefits you receive (Homestead Benefit, Senior Freeze, Property Tax Deduction for senior citizens/disabled persons, and Property Tax Deduction for veterans) cannot be more than the property taxes paid on your principal residence for the same year.

If we send you a benefit that is larger than the amount you are eligible to receive, you must repay any excess. We can deduct any amount you owe from future Homestead Benefits or Income Tax refunds or credits before we issue the payment.

Certain senior/disabled homeowners who were not required to file a 2017 New Jersey Income Tax return will have their Property Tax Credit included with the Homestead Benefit.


Under Age 65 and not Disabled Homeowners

If your 2017 New Jersey Gross Income* is... Your benefit payment**, according to the FY2020 Budget appropriation is calculated by ?
Not over $50,000 Multiplying the amount of your 2006 Property Taxes paid (up to $10,000) by 5%
Over $50,000 But not over $75,000 Multiplying the amount of your 2006 Property Taxes paid (up to $10,000) by 3.335%
Over $75,000 Not eligible

*The income amounts apply to a single individual, a married/civil union couple living in the same residence, and married/civil union partners maintaining separate residences.

**The benefit amount cannot be more than the amount of property taxes actually paid.

Amounts you receive under the Homestead Benefit Program are in addition to the State's other property tax relief programs. The total amount of all property tax relief benefits you receive (Homestead Benefit, Senior Freeze, Property Tax Deduction for senior citizens/disabled persons, and Property Tax Deduction for veterans) cannot be more than the property taxes paid on your principal residence for the same year.

If we send you a benefit that is larger than the amount you are eligible to receive, you must repay any excess. We can deduct any amount you owe from future Homestead Benefits or Income Tax refunds or credits before we issue the payment.


Last Updated: Wednesday, 03/25/20